Cost of Living in Alexandria, IN

Population 5,145 · Indiana · Data vintage 2023

43
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Alexandria is a smaller Indiana community of around 5000 residents, where median household incomes of $60,616 and housing costs ($93,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. Unemployment has stayed elevated relative to the national figure — 6.8% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Geographically, Alexandria is about 25 miles northeast of Fishers, the nearest large metro. Median home values run roughly 75% lower than Fishers' $370,000.

Cost Overview

Housing 30
Rent 62

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Alexandria

The median home value in Alexandria is $92,700 — 70% below the national median of $305,000. Median rent runs $813/month, 38% lower than the national median of $1,314/month. The median household income of $60,616/year is 19% lower than the US median of $74,580. The local unemployment rate is 6.8%, above the national average of 4.8%. Indiana's top state income tax rate is 3.0% and the combined sales tax is 7.0%. Overall, Alexandria has a cost of living index of 43 versus the US average of 100, meaning it is 57% less expensive.

🏠 Housing

Median Home Value
$92,700
70% below avg
Zillow Home Value
$179,927
Zillow ZHVI
Median Rent
$813/mo
38% below avg
Price-to-Rent Ratio
9.5x
Favors buying
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$731
1 BR
$783
2 BR
$985
3 BR
$1,286
4 BR
$1,456
Owner-occupied 63.8%
Renter-occupied 36.2%

💰 Estimated Monthly Budget

Rent median rent
$813
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,427/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
30.7 min
14% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
1.3%

Commute Mode

Drove alone
85.0%
Carpooled
12.5%
Public transit
0.9%
Walked
0.1%
Work from home
1.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 3.0%
Total Sales Tax 7.0%
State rate 7.0%
Avg local rate 0.0%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$60,616
19% below avg
Per Capita Income
$28,834
Unemployment Rate
6.8%
41% above avg
Poverty Rate
12.3%
Labor Force Participation
71.9%

🎓 Education

Bachelor's degree+ 10.5%
Graduate degree 4.6%

👥 Demographics

Median Age 35.7
Male median age 32.6
Female median age 36.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 48 — Good
55.6%
Good air days/yr
229
Max AQI recorded
223
PM2.5 days
142
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
18:1
Student-teacher ratio
3
Public schools
1,635
Total enrollment

Frequently Asked Questions

What is the cost of living in Alexandria, IN?

Alexandria has a cost index of 43 (100 = national average). It is 57% below the national average.

What is average rent in Alexandria, IN?

The median gross rent in Alexandria is $813 per month based on 2023 Census data.

What is the average home price in Alexandria?

The median home value in Alexandria is $92,700 according to Zillow and Census data.

What is the median income in Alexandria?

The median household income in Alexandria is $60,616 per year (2023 ACS 5-year estimates).

What is the sales tax in Alexandria, IN?

The combined state and local sales tax rate in Alexandria is 7.0%. The Indiana state income tax top rate is 3.0%.

Is Alexandria, IN affordable?

Yes, Alexandria is generally considered affordable, with a cost of living index of 43 — about 57% below the US national average of 100.

Alexandria at a Glance

Population
5,145
Median Income
$60,616
Home Value
$92,700
Median Rent
$813/mo
Unemployment
6.8%
Sales Tax
7.0%
View all cities in Indiana →
🗺️ County data for Indiana

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs